Apartments for Rent in Penelope, TX Under $1,200 (50 Rentals)

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PECAN RIDGE-WACO
$1,141 - $1,848
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$1,141 - $1,848
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1 to 2 Bedroom Apartments Available Now

PECAN RIDGE-WACO

2736 Lake Shore DrWaco, TX 76708
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RIVERCREST
$1,101 - $1,697
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$1,101 - $1,697
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RIVERCREST

66 Daughtrey AveWaco, TX 76706
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The Cove on 21st
$1,018 - $1,283
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Total Monthly Price

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$1,018 - $1,283
Total Monthly Price
$1,018 - $1,283
1 to 3 Bedroom Apartments Available Now

The Cove on 21st

2425 S 21st StWaco, TX 76706
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The Centre
2 to 3 Bedroom Apartments

The Centre

1818 S 7th StWaco, TX 76706
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The Madison
1 to 2 Bedroom Apartments

The Madison

1307 Austin AveWaco, TX 76701
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Derek Ville
1 Bedroom Apartments

Derek Ville

111 County Road 1812Clifton, TX 76634
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19Eleven
1 to 4 Bedroom Apartments

19Eleven

1911 S 8th StWaco, TX 76706
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The Den
Studio to 5 Bedroom Apartments

The Den

909 Baylor AveWaco, TX 76706
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LL Sams Apartments
1 to 5 Bedroom Apartments

LL Sams Apartments

2000 S 1st StWaco, TX 76706
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South Terrace
1 to 4 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706
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The Green at Waco
1 to 5 Bedroom Apartments

The Green at Waco

2501 S University Parks DrWaco, TX 76706
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Outpost at Waco
1 to 4 Bedroom Apartments

Outpost at Waco

2415 S. University Parks DrWaco, TX 76706
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Aspen Heights
2 to 4 Bedroom Apartments

Aspen Heights

3344 S 3rd StWaco, TX 76706
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Showing Results 1-50, Page 1 of 1

Penelope, TX Local Guide

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Penelope

What is the current price range for One Bedroom Penelope Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Penelope ranges from $371 to $3,395 with an average monthly rent of $1,193.

What does renting a Two Bedroom Apartment in Penelope cost?

The monthly rent prices of Two Bedroom Apartments currently available in Penelope range from $749 to $4,027. Today's average rental price for Two Bedrooms here is $1,438.

How expensive are Penelope Three Bedroom Apartments?

There are currently 21 Three Bedroom Apartments listings available in Penelope on ApartmentHomeLiving.com. The pricing ranges from $659 to $3,051 - averaging $1,263 for the location.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.